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Fed's Powell Says No Need to Hurry Rate Cuts

CNET on MSN · 58m

Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell

But if inflation continues to inch upward, the central bank may decide it needs to leave rates high to avoid a repeat of runaway inflation. Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%.

The New York Times · 18h

Fed Chair Powell Says There’s No Need to ‘Hurry’ to Cut Rates

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

Newsweek on MSN · 19h

Jerome Powell says Fed Isn't in Hurry to Cut Interest Rates

"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.

1h

Mortgage Rates Aren’t Moving in the Same Direction as the Federal Funds Rate—Here’s Why

Mortgage rates aren’t directly tied to the federal funds rate like savings and CDs. Instead, they’re tied to the 10-year ...

26m

Mortgage rates not dropping anytime soon

The Fed has dropped the nation's lending rate again, but mortgage rates haven't dipped. The FOX 5 I-Team's Dana Fowle went to ...

59mon MSN

Stock market today: Indexes tumble after Fed comments dent December rate-cut odds

The odds of a 25-basis-point rate cut fell to less than 60% shortly after Powell's comments, down from 80%, as calculated by ...

1d

Fed Officials Fret Over How Far They Can Lower Interest Rates

Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to ...

The Boston Globe1d

Trump, the Fed, and an almost inevitable showdown over interest rates

At least for now. Trump, who appointed Powell as Fed chair, weighed firing him in a disagreement over interest rates in ...

Hosted on MSN1d

Kansas City Fed's Schmid says 'remains to be seen' how much further interest rates fall

Schmid said the Fed's decision last week to cut interest rates by 25 basis points reflected their confidence that both ...

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